DrivebuddyAI achieves EU safety validation with 3.5 billion km dataset

NEW YORK - Roadzen Inc. (NASDAQ:RDZN), a $79.82 million market cap technology company whose stock has surged over 21% in the past week, announced Tuesday that its DrivebuddyAI driver-safety platform has received validation for compliance with the European Union General Safety Regulation (EU GSR 2144) from testing laboratory Applus IDIADA in Barcelona. InvestingPro analysis suggests the stock is currently undervalued, with analyst price targets ranging from $4 to $5.

The validation extends DrivebuddyAI’s regulatory approvals beyond India’s AIS-184 framework, making it compliant with both Indian and European standards ahead of the EU NCAP 2026 requirements that mandate in-cabin driver monitoring in all new vehicles starting July 2026.

Roadzen reported that DrivebuddyAI’s dataset has surpassed 3.5 billion kilometers of real-world driving data, nearly doubling in the past four months. The company claims the platform has demonstrated a 70% or greater reduction in accidents across its implementations.

The EU GSR 2144 compliance confirms the platform’s adherence to Advanced Driver Distraction Warning and Driver Drowsiness & Attention Warning requirements. Testing was conducted on both passenger cars and trucks under multiple conditions.

"We’re proud to be the only company now ready for both European and Indian standards, independently validated by leading labs for two of the most important automotive markets in the world," said Nisarg Pandya, Head of Roadzen’s DrivebuddyAI, according to the press release.

Roadzen is exhibiting DrivebuddyAI at InCabin Europe 2025 in Barcelona from October 7-9 at booth C210, where attendees can experience demonstrations of the platform’s capabilities.

The company describes its technology as a single-box solution covering driver monitoring, ADAS, and occupant monitoring in one integrated platform.

In other recent news, Roadzen Inc. has made significant financial moves to bolster its operations. The company announced it has raised approximately $4.5 million in equity financing for its India subsidiary, valuing the unit at $84 million pre-money. This valuation represents a premium of about 25% above Roadzen’s current Nasdaq market capitalization. Additionally, Roadzen entered into a securities purchase agreement, completing a $2.25 million private placement with institutional investors by selling 1,803,134 ordinary shares at $1.25 per share. Among the investors, Avacara PTE Ltd., a notable shareholder, purchased 104,000 shares for $130,000.

In another development, Roadzen conducted a registered direct offering, selling 1,730,769 ordinary shares at $1.30 per share to an institutional investor, raising approximately $2.25 million. This transaction was facilitated by Maxim Group LLC as the sole placement agent. The private placement was executed at a 20% premium to recent trading prices, involving four of Roadzen’s largest existing shareholders. These financial maneuvers reflect Roadzen’s ongoing efforts to strengthen its financial position and expand its operations.

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